Market Analysis and Insights: Global Pharmaceutical Ethanol Market
Ethanol (also called ethyl alcohol, grain alcohol, drinking alcohol, spirits, or simply alcohol) is an organic chemical compound.
Industrial Ethanol is a type of ethanol used in industrial applications, and also implies ethanol produced for purposes other than consumption in beverage form.
Industrial ethanol has a wide variety of uses, including as an ingredient in food preservatives, fragrances and cosmetics, as well as in pharmaceutical ethanol when administering shots to patients. Industrial ethanol is also known as one of the ingredients used to make vinegar. Globally, fuel ethanol accounts for 73% of production, with beverage ethanol at 17% and industrial ethanol at 10%.
Industrial ethanol can further be separated into two types-fermented and synthetic. The difference between these two types is found in their manufacturing method and source ingredients. The primary ingredient for fermented ethanol is agricultural crops, such as sugarcane or corn, and alcohol fermentation is carried out courtesy of an organism called yeast, with the ensuing chemical process yielding fermented ethanol. This same naturally occurring yeast is also used when making ethanol for beverage use.
Pharmaceutical ethanol is used in the pharmaceutical industry for manufacturing of products such as anesthetics, antiseptics, drugs, liniments, lotions, and also for cosmetics such as fragrances, deodorants and shampoos.
Due to the COVID-19 pandemic, the global Pharmaceutical Ethanol market size is estimated to be worth US$ 1202.8 million in 2022 and is forecast to a readjusted size of US$ 1091.8 million by 2028 with a CAGR of -1.6% during the review period. Fully considering the economic change by this health crisis, Low Purity Pharmaceutical Grade Ethanol accounting for % of the Pharmaceutical Ethanol global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Pharmaceutical and Medical segment is altered to an % CAGR throughout this forecast period.
Global Pharmaceutical Ethanol key players include Cargill, Greenfield, Euro-Alkohol, Cristal Union, CropEnergies, etc. Global top five manufacturers hold a Production Market Share over 30%. China accounts for the most Production Market Share, which have a share over 30%, followed by Europe. In terms of product, Low Purity is the largest segment, with a Production Market Share over 65%. And in terms of application, the largest application is Pharmaceutical and Medical, followed by Personal Care & Cosmetic.
The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2017-2028. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.
Segment by Type
Low Purity Pharmaceutical Grade Ethanol
High Purity Pharmaceutical Grade Ethanol
Segment by Application
Pharmaceutical and Medical
Personal Care & Cosmetic
Consequence of Covid-19 Pandemic
The authors of this study have enlightened the readers on the rise and effect of the Covid-19 outbreak on the development. They have investigated the changes brought about in the demand/supply side, consumption, supply chain, and sales/manufacturing. The readers will get familiar with the measures that have helped the key players to bring the Pharmaceutical Ethanol market back to the pre-covid levels.
Trends & Prospects
In this segment of the report, the specialists have delved into the key growth opportunities that are likely to emerge. This will aid the key players to simplify complex issues related to business and frame future strategies to compete in this competitive environment. This section will certainly assist the players to boldly position their business.
Middle East & Africa
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and share analysis of the prominent players are also provided in this section. They have also provided reliable sales and revenue data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:
Bangkok Alcohol Industrial
Taicang Xintai Alcohol